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Punj Lloyd Ltd. ( (IN:PUNJLLOYD) ) has provided an announcement.
Punj Lloyd Limited, currently undergoing a Corporate Insolvency Resolution Process, has announced that Adani Infra (India) Limited has been declared the successful bidder for the acquisition of the company on a going concern basis. This development follows the conclusion of the 14th round of e-auction under the Insolvency and Bankruptcy Code, 2016, and the subsequent approval through e-voting by the Stakeholders Consultation Committee. The acquisition by Adani Infra is a significant step in the liquidation process and is expected to impact the company’s future operations and stakeholder interests.
More about Punj Lloyd Ltd.
Current Market Cap: 748.4M INR
See more data about PUNJLLOYD stock on TipRanks’ Stock Analysis page.